Pentair PLC (PNR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,598,800 | 1,519,200 | 1,364,600 | 1,319,200 | 1,057,600 |
| Revenue | US$ in thousands | 3,995,100 | 3,987,100 | 4,061,100 | 3,754,700 | 2,994,800 |
| Gross profit margin | 40.02% | 38.10% | 33.60% | 35.13% | 35.31% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,598,800K ÷ $3,995,100K
= 40.02%
To analyze Pentair PLC's gross profit margin over the years, we observe a fluctuating trend. The gross profit margin decreased from 35.31% as of December 31, 2020, to 35.13% as of December 31, 2021, then experienced a more significant decline to 33.60% by December 31, 2022. However, the trend reversed by December 31, 2023, with a notable increase to 38.10%, followed by a significant improvement to 40.02% by December 31, 2024. This indicates that Pentair PLC has managed to enhance its efficiency in generating profits from its core operations in recent years, potentially through cost management, pricing strategies, or changes in product mix. The increasing gross profit margin trend from 2023 to 2024 suggests improved profitability and operational effectiveness of the company.
Peer comparison
Dec 31, 2024